AMA Highlights: Oh! Finance

Raymond Reijnders
You expect to be able to offer between 10–21% APY on USDC, which is more than Compound (~3%) and Nexo (~10%).

How are you able to offer these rates, and is there anything you do that competitors don’t?

Richard Seeger
Well, first, some candidness. Those rates have crabbed a bit with the overall bearishness/range-held behavior of BTC and ETH. But we’re still seeing 7 to right around 15%. That’s where we’re confident we still have something special.

At the core, we want using Oh! to be boring. I can’t promise we’ll always have the absolute best APR, but our APR should be quite appealing and most importantly safe. When building Oh! we wanted to build something we actually wanted to use.

We were all getting ‘tired’ of chasing yield and having to wake up at 3am and check Twitter or see if the vault was safe etc.

So maybe it’s a bit of a mindset we are trying to change too. 7% on anything when you don’t factor in native token emissions (which we will have) is extremely good. Anything over 10% should be phenomenal.

But DeFi and more broadly this bull run has spoiled us all, where we want to see 1% daily or it’s ‘not worth the time’.

When the truth is, a large percentage of your ‘stack’ as you ‘prepare for the bear’ should be in a set and forget offering to help manage your risk (and hopefully) grow your USDC.

As for what we are doing differently, we do have some special sauce in there, the biggest and easiest to explain is the DeFi index.

Our DeFi index is a queue that rebalances into the different lending protocols thus achieving maximum yield, and minimizes the single point of failure risk of any of the individual protocols.

Most of what is out there is a deposit into a single application and by using an index you can actually catch the peaks and valleys in the individual protocols far better and squeeze out additional yield.

Raymond Reijnders
Can you give us a bit more background on the token emissions? What are the reward ranges, are they dynamic and is there any vesting involved?

Richard Seeger
Dynamic, based on TVL with holding boosts (à la Nexo / Celsius, although that may not be available at launch). Token emissions will be vested in a similar vein to Oiler, DMM, etc.

It’s proven [that] for a project to survive emissions have to be carefully thought out. And vesting seems to be the best way to do that, but we can pivot and change as needed of course.

Source: https://medium.com/hillrise-research/ama-highlights-oh-finance-255107166661?source=rss——-8—————–cryptocurrency